I have a short sale where the HOAs are a couple of years past due and supplemental taxes weren't paid several years ago.
BofA wants the seller to come up with $5,000 cash contribution at close plus a promissory note, plus pay back taxes of several thousand, plus pay past HOA of several thousand.
Seller doesn't have ability to do this. I've countered once, and they came back with no changes, except to lower commission.
Client may be able to pay past due HOA, but can't do all three, amounting to over $15,000.
Any suggestions?
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